Latest News Of Bitcoin Core Tag

Business18 January 2019

Russia denies claim it will purchase $50 billion in crypto

According to the chair of Russian government’s crypto group, Elina Sidorenko, the Russian Federation – like any other country in the world – is simply not ready to combine its traditional financial system with cryptocurrencies.

The cryptocurrency sell-off has a number of investors singing the blues. More than a handful of individuals bought into crypto following Bitcoin Core’s (BTC) massive price gains last year, expecting to see the same explosive growth in 2018.

There has been an adoption of SegWit, from August until now, of around 40%. However, the overall number of daily BTC transactions has actually dropped—almost precisely at the same time the soft fork was introduced.

Coin selection looks set for a major overhaul, as part of ongoing attempts to reduce transaction fees. However, concerns were raised over the new model’s impact on BTC fungibility, with Bitcoin Cash already offering more effective mechanics than the new algorithm could deliver.